Seagate Buys Liberty Plaza for Over $11 Million
FORT MYERS, Fla. (Jan.3, 2022) — Naples Liberty Group, LLC – a Seagate Development Group affiliate – has purchased Liberty Plaza from Naples Venture I, Inc. for $11.75 million. David Stevens and Robert Carroll of Investment Properties Corporation (IPC) represented the buyer, while Marc Zampell of Nationwide Residential & Commercial Real Estate, Inc. represented the seller.
Liberty Plaza consists of three stand-alone office and retail buildings – two with two- stories and one with one-story. Located just south of Pine Ridge Road, on the west side of U.S. 41 in Naples, some of the tenants include Don Tequila Mexican Restaurant, Fox Alterations Studio and Pelagos Café.
“Liberty Plaza has stood the test of time, showcasing locally owned businesses in a prime location. We are proud to bring the knowledge and expertise gained from the successful development and management of our Southwest Florida retail and office spaces, including the recent sale of Arbor Towne Square in Fort Myers, to our first retail plaza in Naples,” said James Nulf, Jr., Chief Operating Officer and Partner at Seagate Development Group.
Liberty Plaza includes over 50,000 square feet of rentable space, 98 percent of which is currently leased. SW Management & Realty, LLC – another Seagate affiliate – has been contracted to provide property management services, while Robert Carroll of IPC will maintain leasing services.
“Liberty Plaza is a strategic asset located in the heart of Naples, and IPC looks forward to representing Seagate as they realize their vision for the property moving forward,” said Carroll.
For leasing opportunities, please contact Robert Carroll at 239-261-3400.
For more information on Seagate’s property management portfolio, visit SeagateDevelopmentGroup.com/Property-Management.
About Seagate Development Group
Seagate Development Group is a leading, full-service development company specializing in a design-build process via new construction, custom renovations, interior design, and management and leasing services.
Seagate’s high-profile, design-build projects include NeoGenomics’ 150,000 square foot global headquarters and Scotlynn USA Division Inc.’s 60,000 square foot North American corporate headquarters as well as managing over 1.5 million square feet of commercial space.
We are currently building custom, end-user residences in Esplanade Lake Club, Quail West, Talis Park, Hill Tide Estates and other luxury residential communities throughout Southwest Florida. In addition to recently completing a $5-million-plus grand estate model in Quail West, Seagate developed, built and sold 28 custom homes in Windward Isle. Our team also continues to conduct remodeling projects in and around the region.
Seagate Development Group’s corporate headquarters is located at 9921 Interstate Commerce Drive in Fort Myers. For additional information, visit SeagateDevelopmentGroup.com.